The rideshare stocks are up today after NVDA unveiled its new autonomous driving platform. UBER jumped by 5.6%, LYFT saw a 3% rise, while TSLA took a slight dip of 3.2%.
Nvidia's push into autonomous driving technology seems to be fueling optimism in the space, especially for Uber and Lyft, who have been investing heavily in self-driving tech. However, TSLA's pullback could indicate some short-term profit-taking or concerns about competition.
What do you guys think? Are we looking at a new wave of growth for Uber and Lyft, or is this just a short-term reaction?
Uber, Lyft Surge Following Nvidia's Self-Driving Tech Announcement
byu/Comfortable-Cost- instocks
Posted by Comfortable-Cost-
4 Comments
UBER will at least 2x in this year
I wonder if it is really going to save them money or not? After all they didnt pay drivers much and now instead they have the own vehicles, pay for registration, storage, charging, maintainence etc.
Also a licensed tech means anyone can start a similar company with some seed money so there wont be a market advantage either.
If nvda can pull this off it will sure be good for them but it wont be good news for Uber or lyft imo.
+3%…. “surge” …. right… right….
It’s not the 99% of driving which is difficult
It’s the last mile.